News for Lokesh Machines Limited (LOKESHMACH.BO)

In the Nifty pack, 22 stocks were trading in the green, while 28 stocks were trading in the red.

M&M, ICICI Bank, Axis Bank, BEL and Wipro were among the top losers on NSE.

The Nifty Pharma index was trading 1.15 per cent up at 21049.85.

The Nifty Realty index was trading 0.64 per cent down at 826.1.

The Nifty Auto index was trading 0.63 per cent down at 21929.25.

The Nifty Bank index was trading 0.57 per cent down at 48817.4.

Reliance Naval & Engg, Norben Tea Exp, Hotel Rugby, Natural Capsule and Redington, hit their fresh 52-week highs at 10:14AM.

The Nifty Auto index was trading 0.32 per cent down at 21901.0.

India's defence sector in 2024 witnessed landmark achievements such as the Predator drone deal with the US, the launch of the Tata-Airbus facility, and the final stages of a $4 billion Voronezh radar system deal with Russia. The Defence Acquisition Council approved significant projects to enhance India's strategic capabilities.

In the Nifty50 index, 5 stocks closed in the green, while 45 stocks ended in the red.

Stocks including Zomato, Sun Pharma, Afcons Infrastructure, Premier Energies, Zen Technologies, IRFC, Ujjivan Small Finance Bank and more will be the spotlight on Monday, November 04.

The US has imposed sanctions on 275 individuals and entities, including Indian companies, for supporting Russia's military-industrial base amidst its war against Ukraine. Sanctions also target firms in China, Switzerland, Thailand, and Turkiye for providing crucial technology and equipment to Russia.

Lokesh Machines Limited has successfully delivered 550 units of its indigenously developed Asmi submachine gun (SMG) to the Northern Command of the Indian Army. Asmi, which is Indias first SMG developed by the private sector, was produced in collaboration with Armament Research & Development Establishment (ARDE) Pune and the Indian Army.

Lokesh Machines Limited diversifies into heavy machine gun manufacturing, aiming to tap into new revenue streams in the defence sector.

The Nifty Bank index was trading 0.08 per cent up at 47616.6.

The Nifty Auto index was trading 0.62 per cent up at 21517.55.

The Nifty Pharma index was trading 0.08 per cent down at 19193.2.

The Nifty IT index was trading 0.47 per cent down at 34877.35.

The Nifty IT index closed 0.3 per cent up at 34846.05.